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An experimental analysis of multi-attribute auctions
| Content Provider | CiteSeerX |
|---|---|
| Author | Bichler, Martin |
| Abstract | Auctions are a fundamental mechanism to automating negotiations in electronic commerce. We investigate multi-attribute auctions, an economic mechanism, which automates negotiation on multiple attributes of a deal. In this approach, we combine decision analysis techniques and single-sided auction mechanisms in order to procure goods and services. The paper describes an experimental analysis of multi-attribute auctions. First, we will provide an overview of the preliminary game-theoretical and simulation results. Then we will introduce a Web-based implementation of the mechanism and describe the design and the results of an experiment analyzing the economic behavior of multi-attribute auction formats. In the experiment, the utility scores achieved in multi-attribute auctions were significantly higher than those of single-attribute auctions. The efficiency was similar in single-attribute and multi-attribute auctions, and we did not find evidence for revenue |
| File Format | |
| Publisher Date | 2000-01-01 |
| Access Restriction | Open |
| Subject Keyword | Single-attribute Auction Multi-attribute Auction Economic Behavior Single-sided Auction Mechanism Experimental Analysis Multi-attribute Auction Format Electronic Commerce Decision Analysis Technique Simulation Result Web-based Implementation Multiple Attribute Fundamental Mechanism Economic Mechanism |
| Content Type | Text |
